Archive - Jul 21, 2009

Tyler Durden's picture

Bernanke Prepares For Congressional Grilling

Submitted by Tyler Durden on 07/21/2009 08:03 -0500



As Bernanke heads to Congress to defend the Fed's Independce, he releases this WSJ Op-Ed:

The depth and breadth of the global recession has required a highly
accommodative monetary policy. Since the onset of the financial crisis
nearly two years ago, the Federal Reserve has reduced the interest-rate
target for overnight lending between banks (the federal-funds rate)
nearly to zero. We have also greatly expanded the size of the Fed’s
balance sheet through purchases of longer-term securities and through
targeted lending programs aimed at restarting the flow of credit.

 
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Tyler Durden's picture

Trouble In Wall Street's Paradise, Full Frontal V2, Or The La Jolla Outing...

Submitted by Tyler Durden on 07/21/2009 07:55 -0500



So many titles to choose from...

 
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Tyler Durden's picture

Daily Highlights: 7.21.09

Submitted by Tyler Durden on 07/21/2009 07:47 -0500



  • Asia markets track US higher amid optimism about economy.
  • Australian central bank says global economy stabilizing, but interest rates could fall further.
  • California Lawmakers say they have deal to close $26B gap.
  • Euro slips back from 7-month highs to below $1.42 in early European trading.
  • Fed's emergency short-term lending programs eases as credit crisis eases.
  • Oil hovers near $64 in Asia as investors eye company results, weak crude demand.
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    Tyler Durden's picture

    Frontrunning: July 21

    Submitted by Tyler Durden on 07/21/2009 07:41 -0500



  • Caterpillar misses revenue estimate by $700 million, and earnings are down 66%, yet stock up almost 10% (Bloomberg)
  • UTX chimes in on the industrial renaissance of America (Bloomberg)
  • Must read: Some fear Wall Street too heavily influences the New York Fed (WaPo)
  • Morgan Stanley's Albatross: Real Estate (WSJ, h/t Gilgamesh)
  • Also, Commercial loans failing at rapid pace (Ibid, h/t Ibid)
  • Thanks Greenspan V2 - subprime brokers back as dubious loan fixers (NYT)
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    Raymond Shaw's picture

    UK and Europe Highlights - 21 July 2009

    Submitted by Raymond Shaw on 07/21/2009 04:28 -0500



    UK and Europe Highlights - 21 July 2009.

     
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    Marla Singer's picture

    Psssst! Hey You. Yeah You. Wanna Buy An Invisible Ice Cream Cone?

    Submitted by Marla Singer on 07/21/2009 00:09 -0500



    I have a limited supply.

     
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